Dedicated to Deposits: Deals, Data, and Discussion

4.00% 48-Month & 3.25% 24-Month IRA CDs at America's Christian Credit Union - Easy Membership

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America's Christian Credit Union
America's Christian Credit Union is having an IRA promotion with two very competitive rates on its IRA CDs: 4.00% APY for 48 months and 3.25% for 24 months. Minimum deposit is $500. Offer is valid through April 15, 2009. These rates are listed at this credit union page as of 4/06/09. Note, these rates are only available for IRA certificates and not regular certificates.

According to the credit union's Who Can Join Page, "individuals who align themselves with Wesleyan Christian doctrine." are eligible to join. Refer to that page for more details.

This might sound familiar with another California credit union, Christian Community Credit Union, which has similar eligibility requirements. However, one important difference is that America's Christian Credit Union is federally insured by the NCUA (Charter # 68062).

Branches are located in Glendora, Loomis and Azusa, California and in Wichita, Kansas.

The credit union has decent ratings for safety and soundness: 4 stars (excellent) at BauerFinancial (based on 12/31/08 data) and 3 stars (performing) at Bankrate.com (based on 9/30/08 data).
  Tags: America's Christian Credit Union, California, Kansas, CD rates, IRA rates

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Comments
5 comments.
Comment #1 by scott (anonymous) posted on
scott
Easy Membership? Not if you're Jewish :)

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Comment #2 by Anonymous posted on
Anonymous
There is another important difference from Christian Community Credit Union. CCCU's membership requires subscribing to a relatively innocuous statement of Christian faith, something that practically any Christian, whether Catholic or Protestant, could do in conscience. But this credit union specifies the "Wesleyan" Christian faith (i.e. Methodist). Maybe this doesn't matter to some people, but it will for others.

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Comment #3 by Mary (anonymous) posted on
Mary
Thank you Bank Guy for just reporting on bank deposit options. Please do not be influenced to censure which financial institutions’ offers should be reported.

1
Comment #4 by Anonymous posted on
Anonymous
Mary's right.

Report on all the banks.
Then we can decide for ourselves.

Thanks again, Banking Guy, for a job being well done. Great Site!

1
Comment #5 by Mary (anonymous) posted on
Mary
Scott, I want to apologize for how my post read. Banking Guy reports on all bank deals and provides incredible information. His non-censured reporting brings questionable practices to our attention.
We each need to take that information our self and then decide if we should consider doing business with objectionable companies, or even if we should pursue stronger action against discrimination that is blatant or insidious.

1